The Business Bank
Mortgage Loan Application
Totals and Details
for 2012
Find mortgage loan statistics, lending data, and loan application totals for Minnesota.
The mortgage statistics and data below are specific to mortgage loan applications for The Business Bank.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2023.
| Mortgage Company & Address | The Business Bank 11100 Wayzata Blvd Suite 150 Minnetonka, MN 55305 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 6,377 |
| Total Mortgage Loan Application Amount | $1,326,823,000 |
| Average Mortgage Loan Application Amount | $201,333 |
| Highest Mortgage Loan Application Amount | $1,600,000 |
| Average Applicant Income | $94,333 |
| Highest Applicant Income | $3,652,000 |
Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations
where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in MN, the totals and averages will help you understand where the lender does business as well as the volume of business they do.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hennepin County Minnesota | 2,260 | $ 506,081,000 | $ 223,000 | $ 101,000 |
| Dakota County Minnesota | 675 | $ 136,650,000 | $ 202,000 | $ 87,000 |
| Anoka County Minnesota | 648 | $ 122,356,000 | $ 188,000 | $ 76,000 |
| Ramsey County Minnesota | 568 | $ 110,544,000 | $ 194,000 | $ 90,000 |
| Washington County Minnesota | 439 | $ 99,312,000 | $ 226,000 | $ 92,000 |
| Scott County Minnesota | 262 | $ 59,214,000 | $ 226,000 | $ 92,000 |
| Carver County Minnesota | 253 | $ 59,110,000 | $ 233,000 | $ 112,000 |
| Wright County Minnesota | 248 | $ 47,691,000 | $ 192,000 | $ 72,000 |
| Sherburne County Minnesota | 152 | $ 25,452,000 | $ 167,000 | $ 67,000 |
| St. Croix County Wisconsin | 127 | $ 24,303,000 | $ 191,000 | $ 83,000 |
| Stearns County Minnesota | 65 | $ 10,633,000 | $ 163,000 | $ 73,000 |
| Olmsted County Minnesota | 52 | $ 8,944,000 | $ 172,000 | $ 51,000 |
| Isanti County Minnesota | 50 | $ 7,461,000 | $ 149,000 | $ 51,000 |
| Rice County Minnesota | 42 | $ 7,035,000 | $ 167,000 | $ 51,000 |
| Crow Wing County Minnesota | 37 | $ 8,816,000 | $ 238,000 | $ 172,000 |
| Steele County Minnesota | 36 | $ 4,828,000 | $ 134,000 | $ 57,000 |
| Chisago County Minnesota | 34 | $ 6,200,000 | $ 182,000 | $ 81,000 |
| Polk County Wisconsin | 28 | $ 5,075,000 | $ 181,000 | $ 88,000 |
| Cass County Minnesota | 24 | $ 5,534,000 | $ 230,000 | $ 181,000 |
| Aitkin County Minnesota | 20 | $ 4,328,000 | $ 216,000 | $ 106,000 |
| Cook County Minnesota | 19 | $ 4,015,000 | $ 211,000 | $ 93,000 |
| Goodhue County Minnesota | 18 | $ 2,640,000 | $ 146,000 | $ 35,000 |
| Benton County Minnesota | 16 | $ 2,182,000 | $ 136,000 | $ 43,000 |
| McLeod County Minnesota | 15 | $ 2,085,000 | $ 139,000 | $ 50,000 |
| Mille Lacs County Minnesota | 15 | $ 2,549,000 | $ 169,000 | $ 69,000 |
| Morrison County Minnesota | 15 | $ 2,242,000 | $ 149,000 | $ 75,000 |
| Lake County Minnesota | 12 | $ 2,110,000 | $ 175,000 | $ 130,000 |
| Le Sueur County Minnesota | 12 | $ 2,049,000 | $ 170,000 | $ 91,000 |
| Pierce County Wisconsin | 12 | $ 2,854,000 | $ 237,000 | $ 78,000 |
| Douglas County Minnesota | 11 | $ 2,374,000 | $ 215,000 | $ 79,000 |
| Dodge County Minnesota | 10 | $ 1,645,000 | $ 164,000 | $ 48,000 |
| Kanabec County Minnesota | 9 | $ 1,492,000 | $ 165,000 | $ 92,000 |
| Pine County Minnesota | 9 | $ 1,654,000 | $ 183,000 | $ 121,000 |
| St. Louis County Minnesota | 9 | $ 1,843,000 | $ 204,000 | $ 172,000 |
| Washburn County Wisconsin | 9 | $ 2,083,000 | $ 231,000 | $ 225,000 |
| Nicollet County Minnesota | 8 | $ 874,000 | $ 109,000 | $ 50,000 |
| Sawyer County Wisconsin | 8 | $ 2,022,000 | $ 252,000 | $ 131,000 |
| Freeborn County Minnesota | 7 | $ 729,000 | $ 104,000 | $ 51,000 |
| Otter Tail County Minnesota | 7 | $ 1,162,000 | $ 166,000 | $ 200,000 |
| Maricopa County Arizona | 6 | $ 1,381,000 | $ 230,000 | $ 122,000 |
| Kandiyohi County Minnesota | 6 | $ 1,012,000 | $ 168,000 | $ 106,000 |
| Lee County Florida | 5 | $ 1,240,000 | $ 248,000 | $ 176,000 |
| Blue Earth County Minnesota | 5 | $ 703,000 | $ 140,000 | $ 81,000 |
| Meeker County Minnesota | 5 | $ 1,080,000 | $ 216,000 | $ 93,000 |
| Barron County Wisconsin | 5 | $ 1,187,000 | $ 237,000 | $ 86,000 |
| Burnett County Wisconsin | 5 | $ 1,032,000 | $ 206,000 | $ 123,000 |
| Dane County Wisconsin | 5 | $ 1,313,000 | $ 262,000 | $ 121,000 |
| Hubbard County Minnesota | 4 | $ 706,000 | $ 176,000 | $ 74,000 |
| Sibley County Minnesota | 4 | $ 669,000 | $ 167,000 | $ 42,000 |
| Collier County Florida | 3 | $ 1,043,000 | $ 347,000 | $ 63,000 |
| Pope County Minnesota | 3 | $ 524,000 | $ 174,000 | $ 125,000 |
| Waseca County Minnesota | 3 | $ 480,000 | $ 160,000 | $ 69,000 |
| Bayfield County Wisconsin | 3 | $ 651,000 | $ 217,000 | $ 145,000 |
| Chippewa County Wisconsin | 3 | $ 600,000 | $ 200,000 | $ 131,000 |
| Pima County Arizona | 2 | $ 349,000 | $ 174,000 | $ 75,000 |
| Pinal County Arizona | 2 | $ 323,000 | $ 161,000 | $ 187,000 |
| Denver County Colorado | 2 | $ 498,000 | $ 249,000 | $ 50,000 |
| Douglas County Colorado | 2 | $ 544,000 | $ 272,000 | $ 141,000 |
| Eagle County Colorado | 2 | $ 465,000 | $ 232,000 | $ 807,000 |
| Park County Colorado | 2 | $ 340,000 | $ 170,000 | $ 115,000 |
| Pasco County Florida | 2 | $ 378,000 | $ 189,000 | $ 141,000 |
| Beltrami County Minnesota | 2 | $ 198,000 | $ 99,000 | $ 64,000 |
| Carlton County Minnesota | 2 | $ 496,000 | $ 248,000 | $ 172,000 |
| Clay County Minnesota | 2 | $ 404,000 | $ 202,000 | $ 67,000 |
| Itasca County Minnesota | 2 | $ 377,000 | $ 188,000 | $ 56,000 |
| Wadena County Minnesota | 2 | $ 360,000 | $ 180,000 | $ 101,000 |
| Cass County North Dakota | 2 | $ 482,000 | $ 241,000 | $ 92,000 |
| Grand Forks County North Dakota | 2 | $ 352,000 | $ 176,000 | $ 20,000 |
| Eau Claire County Wisconsin | 2 | $ 341,000 | $ 170,000 | $ 83,000 |
| Oconto County Wisconsin | 2 | $ 389,000 | $ 194,000 | $ 24,000 |
| Riverside County California | 1 | $ 228,000 | $ 228,000 | $ 462,000 |
| Boulder County Colorado | 1 | $ 252,000 | $ 252,000 | $ 101,000 |
| El Paso County Colorado | 1 | $ 174,000 | $ 174,000 | $ 47,000 |
| Fremont County Colorado | 1 | $ 178,000 | $ 178,000 | $ 80,000 |
| Broward County Florida | 1 | $ 383,000 | $ 383,000 | $ 214,000 |
| Lake County Florida | 1 | $ 166,000 | $ 166,000 | $ 74,000 |
| Manatee County Florida | 1 | $ 228,000 | $ 228,000 | $ 72,000 |
| Miami-Dade County Florida | 1 | $ 129,000 | $ 129,000 | $ 0 |
| Nassau County Florida | 1 | $ 349,000 | $ 349,000 | $ 118,000 |
| Palm Beach County Florida | 1 | $ 405,000 | $ 405,000 | $ 713,000 |
| Polk County Florida | 1 | $ 237,000 | $ 237,000 | $ 203,000 |
| St. Lucie County Florida | 1 | $ 229,000 | $ 229,000 | $ 185,000 |
| Becker County Minnesota | 1 | $ 275,000 | $ 275,000 | $ 167,000 |
| Brown County Minnesota | 1 | $ 210,000 | $ 210,000 | $ 0 |
| Fillmore County Minnesota | 1 | $ 190,000 | $ 190,000 | $ 0 |
| Grant County Minnesota | 1 | $ 182,000 | $ 182,000 | $ 97,000 |
| Jackson County Minnesota | 1 | $ 32,000 | $ 32,000 | $ 87,000 |
| Lyon County Minnesota | 1 | $ 111,000 | $ 111,000 | $ 0 |
| Mahnomen County Minnesota | 1 | $ 168,000 | $ 168,000 | $ 57,000 |
| Rock County Minnesota | 1 | $ 180,000 | $ 180,000 | $ 68,000 |
| Todd County Minnesota | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Wabasha County Minnesota | 1 | $ 106,000 | $ 106,000 | $ 54,000 |
| Winona County Minnesota | 1 | $ 110,000 | $ 110,000 | $ 73,000 |
| Jackson County Missouri | 1 | $ 211,000 | $ 211,000 | $ 0 |
| Madison County Montana | 1 | $ 406,000 | $ 406,000 | $ 493,000 |
| Clark County Nevada | 1 | $ 134,000 | $ 134,000 | $ 0 |
| Burleigh County North Dakota | 1 | $ 265,000 | $ 265,000 | $ 201,000 |
| Ramsey County North Dakota | 1 | $ 133,000 | $ 133,000 | $ 0 |
| Williams County North Dakota | 1 | $ 284,000 | $ 284,000 | $ 90,000 |
| Lincoln County South Dakota | 1 | $ 387,000 | $ 387,000 | $ 204,000 |
| Ashland County Wisconsin | 1 | $ 258,000 | $ 258,000 | $ 190,000 |
| Douglas County Wisconsin | 1 | $ 257,000 | $ 257,000 | $ 148,000 |
| Dunn County Wisconsin | 1 | $ 200,000 | $ 200,000 | $ 0 |
| Marinette County Wisconsin | 1 | $ 227,000 | $ 227,000 | $ 105,000 |
| Milwaukee County Wisconsin | 1 | $ 360,000 | $ 360,000 | $ 98,000 |
| Ozaukee County Wisconsin | 1 | $ 375,000 | $ 375,000 | $ 87,000 |
| Rusk County Wisconsin | 1 | $ 232,000 | $ 232,000 | $ 100,000 |
| Waukesha County Wisconsin | 1 | $ 169,000 | $ 169,000 | $ 53,000 |
| Winnebago County Wisconsin | 1 | $ 211,000 | $ 211,000 | $ 129,000 |
The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category,
the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Minnesota,
and search the same numbers and information back through 2003.
Mortgage Loan Application Detail Totals for The Business Bank in 2012
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 4,023 | $878,598,000 | $218,000 | $1,600,000 | $100,000 | $3,652,000 |
| Home Purchase | 2,209 | $419,798,000 | $190,000 | $744,000 | $77,000 | $756,000 |
| Home Improvement | 145 | $28,427,000 | $196,000 | $417,000 | $106,000 | $372,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 5,563 | $1,159,798,000 | $208,000 | $1,600,000 | $95,000 | $3,652,000 |
| Not Provided | 420 | $88,274,000 | $210,000 | $620,000 | $64,000 | $676,000 |
| Asian | 186 | $38,831,000 | $208,000 | $744,000 | $90,000 | $411,000 |
| Hispanic | 110 | $19,981,000 | $181,000 | $417,000 | $73,000 | $374,000 |
| Black or African American | 66 | $13,327,000 | $201,000 | $903,000 | $92,000 | $493,000 |
| American Indian or Alaskan Native | 19 | $3,812,000 | $200,000 | $347,000 | $73,000 | $273,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $2,380,000 | $238,000 | $417,000 | $102,000 | $170,000 |
| Not applicable | 3 | $420,000 | $140,000 | $160,000 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 4,321 | $957,033,000 | $221,000 | $1,600,000 | $105,000 | $3,652,000 |
| FHA-insured (Federal Housing Administration) | 1,652 | $295,113,000 | $178,000 | $371,000 | $66,000 | $329,000 |
| VA-guaranteed (Veterans Administration) | 260 | $53,979,000 | $207,000 | $417,000 | $72,000 | $263,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 144 | $20,698,000 | $143,000 | $270,000 | $45,000 | $97,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 5,060 | $1,058,120,000 | $209,000 | $839,000 | $108,000 | $3,652,000 |
| Application Withdrawn By Applicant | 798 | $166,114,000 | $208,000 | $1,600,000 | $0 | $0 |
| Application Denied By Financial Institution | 340 | $67,845,000 | $199,000 | $895,000 | $89,000 | $676,000 |
| Application Approved But Not Accepted | 112 | $20,431,000 | $182,000 | $417,000 | $88,000 | $569,000 |
| File Closed For Incompleteness | 67 | $14,313,000 | $213,000 | $512,000 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in MN, and gives you an idea of what the best mortgage lenders really are.
If you prefer, you can download a copy of the entire list of mortgage lenders in Minnesota, and search similar information at your convenience.